Possible Cup & Handle forming on BRD. A break above resistance at 0.000087 can confirm it. TK cross on daily Ichimoku is also happening. RSI not looking great but in these times RSI gives less indication. I have placed approx Fib targets. This is a low cap coin so volatility can be expected.
Remember: If the Tenkan/Conversion line (Blue) crosses back under, the...
Hi everyone!!!As you can see at my chart Bread/dollar at 4h chart break the blue triangle and then one more time break the red trendline!! And find resistance at my blue line!!! Its matter of time to brake the resistance and go up again!! Its easy chart to understnat and find how the Bread is moving.
i hope you like and enjoy my chart and maybe help you!!!
BRDBTC appears to be in the accumulation phase after a length time in the doldrums. There have been a number of failed breakouts higher and is starting to squeeze at the base of the accumulation zone. This is a trade opportunity for those that trade, not necessarily HODL. However this is a good opportunity to buy LOW.
Reasons why I will enter a short term long...
It has been trending same way for couple of weeks now. RSI and MACD looking nice but we'll see if we can bounce from the previous support line. It is a shitcoin so unstability is in its nature. I'm giving %15 and %20 sell orders it's usually a pump and dump so it is hard to catch. Trade with SL and be cautious, BTC may effect this trade at the weekend.
BRD price action is no longer following downtrend (purple trend lines) and it is starting to perform an iH&S at a supposedly bottom of this trend. Along with that, if the iH&S confirms (neckline breakout above 7k sat), we will likely see as well a golden cross (50MA-orange over 200MA-red) on the 4H chart, and a new uptrend movement.
Fundamentals are good: Ethereum...
We "achieved" ICO price level in USD. We are now in ATL sat level. RSI bounced back from the bottom of the channel and is turning up and MACD is ready to cross it and up too.
Entry level: 8200 sat or less
Stop-loss: 7600 sat
Target 1: 9100 sat
Target 2: 10 600 sat
Target 3: 11 500 sat
Target 4: 12 500...
I think the price will fall to a support the level of 0.00009000 / 0.00009100 for a short time. Then it will recover to the top.
RSI / MACD on the daily chart shows it is almost at the bottom, at 1 hour and 4 hour visible that there will be a slight decline.
I think it is a good time to take up a support zone.
And growth will begin soon.
I also give good...
Bread is down dip on its support, it should bounce from here after rsi confirmation. Possible breakout from downtrend.
Buy zone 9.000-10.000.
This is just my amateur idea and this is not advice.
This is a High Risk trade because this is a new coin to the market.
Consider Support as your stop loss trade. This is a short term trade.
Buy zone is for safe traders. Everyone else can go into this now - MACD indicates a rise soon!
We are not your financial advisors, so invest only what you can afford to lose.